Starting a new business in another State
We own a fence company in Massachusetts its an S-corp. We are residents of Massachusetts but go to Florida for the winters. We want to do subcontracting work for other fence companies when we are in Florida. We will need to buy a truck, trailer and tools down there. Which of the following should we do: 1) Register our existing company as an out of state business in Florida and put our pay as subcontractors through our existing company? If we do this do we just set up an income category as subcontracting income? 2) Just do 1099's in our personal names and just be sole proprietors and file a Schedule C. 3) Register a new S-Corp in Florida? Or do you gave another suggestion? Any tax or other implications we should be aware of for any of the above options? Thanks so much. Mary Hughes
